Mairs & Power Inc. Reduces Holdings in The Charles Schwab Corporation $SCHW

Mairs & Power Inc. cut its holdings in The Charles Schwab Corporation (NYSE:SCHW) by 11.2% during the 3rd quarter, Holdings Channel reports. The firm owned 299,389 shares of the financial services provider’s stock after selling 37,888 shares during the period. Mairs & Power Inc.’s holdings in Charles Schwab were worth $28,583,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Charles Schwab during the 2nd quarter worth about $1,889,858,000. Brown Advisory Inc. lifted its holdings in Charles Schwab by 88.4% in the 2nd quarter. Brown Advisory Inc. now owns 12,162,260 shares of the financial services provider’s stock valued at $1,109,687,000 after purchasing an additional 5,708,208 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Charles Schwab by 35.9% during the 2nd quarter. Primecap Management Co. CA now owns 19,034,806 shares of the financial services provider’s stock worth $1,736,736,000 after purchasing an additional 5,032,728 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Charles Schwab by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 151,182,081 shares of the financial services provider’s stock worth $13,793,853,000 after purchasing an additional 2,786,829 shares during the last quarter. Finally, Mondrian Investment Partners LTD purchased a new stake in shares of Charles Schwab during the third quarter worth about $169,104,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.

Charles Schwab Stock Up 0.6%

Shares of NYSE SCHW opened at $93.60 on Tuesday. The stock has a market capitalization of $164.01 billion, a PE ratio of 20.09, a P/E/G ratio of 0.75 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $98.77 and a 200-day moving average of $96.31. The Charles Schwab Corporation has a 52-week low of $65.88 and a 52-week high of $107.50.

Charles Schwab (NYSE:SCHW) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.07. Charles Schwab had a return on equity of 21.97% and a net margin of 37.01%.The business had revenue of $6.34 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the company posted $1.01 EPS. The business’s quarterly revenue was up 18.9% on a year-over-year basis. Charles Schwab has set its FY 2026 guidance at 5.700-5.800 EPS. On average, analysts anticipate that The Charles Schwab Corporation will post 4.22 EPS for the current year.

Charles Schwab Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.32 dividend. The ex-dividend date was Friday, February 13th. This is a positive change from Charles Schwab’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a yield of 1.4%. Charles Schwab’s payout ratio is 27.47%.

Insider Activity

In related news, insider Dennis Howard sold 27,903 shares of Charles Schwab stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $95.02, for a total transaction of $2,651,343.06. Following the transaction, the insider owned 10,470 shares in the company, valued at approximately $994,859.40. The trade was a 72.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher V. Dodds sold 11,825 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $104.55, for a total value of $1,236,303.75. Following the completion of the sale, the director owned 449,406 shares of the company’s stock, valued at approximately $46,985,397.30. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 415,568 shares of company stock valued at $42,639,058 over the last quarter. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SCHW has been the subject of a number of analyst reports. Citizens Jmp boosted their price objective on shares of Charles Schwab from $110.00 to $120.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. Raymond James Financial restated an “outperform” rating and set a $114.00 target price on shares of Charles Schwab in a research report on Monday, January 5th. Wolfe Research set a $120.00 price target on Charles Schwab in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $131.00 price target on shares of Charles Schwab in a research note on Thursday, January 22nd. Finally, Citigroup restated a “market outperform” rating on shares of Charles Schwab in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Charles Schwab presently has an average rating of “Moderate Buy” and a consensus price target of $115.95.

About Charles Schwab

Charles Schwab Corporation (NYSE: SCHW) is a diversified financial services firm that provides brokerage, banking, wealth management and advisory services to individual investors, independent investment advisors and institutional clients. Its primary offerings include retail brokerage accounts, online trading platforms, Schwab-branded mutual funds and exchange-traded funds (ETFs), retirement plan services, custodial services for independent Registered Investment Advisors (RIAs), and banking products through Charles Schwab Bank.